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Announced

Completed

BancorpSouth Bank completed the acquisition of FNS Bancshares for $108m.

Financials

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Transaction Value£79m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

bank holding company

Acquisition

Banks

Majority

Merger

Single Bidder

Domestic

Public

Friendly

Completed

Synopsis

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BancorpSouth Bank, a bank holding company headquartered in Tupelo, Mississippi, completed the acquisition of FNS Bancshares, the parent company of FNB Bank, for $108m. "The completion of this merger is a great accomplishment for our organization. We're pleased to be partnering with a strong, growing company like BancorpSouth and feel confident that this combination will be beneficial to our employees, customers and communities across Alabama, Georgia and Tennessee," Steve Rownd, BancorpSouth president and former CEO of FNS.

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